Stewart Jackson MP welcomes record number of people in work
Stewart Jackson MP has welcomed the news that the number of people in work across the UK is at a record level, the rate of women in work is at the highest level since comparable records began, and that according to today’s figures there are 333,597 more people back in work in the East of England since 2010.
In Peterborough, the number of people claiming the key out of work benefits has fallen by 2,278 – a 65% per cent drop – since 2010.
As well as the employment continuing at a record-high, today’s figures show that the unemployment rate is holding steady, average wages are growing ahead of inflation and the number of children living in workless households is down.
Local MP Stewart Jackson said:
‘Today sees another set of record-breaking figures, with the rate of women in work at the highest since records began and the number of young people out of work down by hundreds of thousands.
‘The number of people in Peterborough relying on the key out of work benefits has fallen by 2,278 since 2010 – a 65% drop – as businesses are able to get more people into work, helped by the decisions Conservatives have taken to strengthen our economy.’
‘But we know there is more to do to build an economy that works for everyone, and we will continue to work hard to help even more people benefit from the opportunities in our economy.’
- Employment: The employment rate has risen to a new record high of 74.5%
- Work: There are 31.77 million people in work, more than ever before.
- Pay: Total pay including bonuses is up 2.3% over the year
- Unemployment: The unemployment rate stands firm at 4.9% – the lowest since 2005. Unemployment is down 39,000 this quarter and down over 870,000 since 2010
- Women: There are more women in work than ever before with the female employment rate hitting a new record high at 69.8%
- Youth unemployment: Youth unemployment is 621,000, down by over 300,000 since 2010
- Vacancies: There are a near record 752,000 job vacancies at any one time
Today the Office for National Statistics released another record-breaking set of figures. The number of people in work is at a record high as the latest set of figures show nearly 175,000 more people in work up until July, than in the previous three months. We know that there are fewer children living in workless households too, which underlines our efforts to help people move into employment and to build a Britain that works for everyone, not just the privileged few.
The employment rate in the UK continues to run at a record high of 74.5%, and the unemployment rate holds firm at 4.9% – its lowest in more than 10 years. The rise in employment continues to be driven by full-time work, which has accounted for 75% of the growth since 2010. But there’s more to do, and we will continue to work with businesses to help more people take up the wealth of opportunities out there in the economy.